NeuStar Inc. (NSR) Sees Unusually-High Trading Volume
Shares of NeuStar Inc. (NYSE:NSR) saw unusually-strong trading volume on Wednesday . Approximately 979,285 shares changed hands during trading, an increase of 100% from the previous session’s volume of 488,470 shares.The stock last traded at $25.41 and had previously closed at $24.27.
A number of analysts recently weighed in on NSR shares. Zacks Investment Research raised shares of NeuStar from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Wednesday, August 3rd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of NeuStar in a report on Tuesday, June 21st. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $30.00 price target on shares of NeuStar in a report on Friday, July 29th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. NeuStar currently has an average rating of “Hold” and an average target price of $29.00.
The stock’s 50 day moving average price is $24.40 and its 200 day moving average price is $24.33. The firm has a market capitalization of $1.39 billion and a P/E ratio of 9.11.
NeuStar (NYSE:NSR) last released its quarterly earnings data on Thursday, July 28th. The company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.05. The company had revenue of $297.60 million for the quarter, compared to the consensus estimate of $297.37 million. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts forecast that NeuStar Inc. will post $5.21 earnings per share for the current fiscal year.
In related news, SVP Henry Skorny sold 24,677 shares of the business’s stock in a transaction on Thursday, July 7th. The shares were sold at an average price of $23.44, for a total value of $578,428.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
A hedge fund recently raised its stake in NeuStar stock. Morgan Stanley raised its stake in NeuStar Inc. (NYSE:NSR) by 79.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 484,378 shares of the company’s stock after buying an additional 214,360 shares during the period. Morgan Stanley owned about 0.91% of NeuStar worth $11,611,000 at the end of the most recent reporting period.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.